Commentary

B6.305 Sums payable for variation or waiver of term of lease

Business tax
Business tax | Commentary

B6.305 Sums payable for variation or waiver of term of lease

Business tax | Commentary

B6.305 Sums payable for variation or waiver of term of lease

A similar set of rules to those described in B6.301 applies if:

  1.  

    (a)     a sum becomes payable by the tenant (other than by way of rent) as consideration for the variation or waiver of a term of a lease;

  2.  

    (b)     the sum is due to the landlord or a person (or company) connected with the landlord; and

  3.  

    (c)     the period for which the variation or waiver has effect (excluding any period after the expiry of the effective duration of the lease) is 50 years or less1.

The person (or company)

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